tax Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/tax/ North Devon's Leading Wealth Managers Mon, 04 Aug 2025 14:30:11 +0000 en-GB hourly 1 https://wordpress.org/?v=6.9.1 https://www.miltonpj.net/wp-content/uploads/2018/02/PJMCO-Site-Image-4-100x100.png tax Archives - Philip J Milton & Company Plc https://www.miltonpj.net/tag/tax/ 32 32 Raising tax without result https://www.miltonpj.net/2025/08/01/tax-collecting-without-result/ Fri, 01 Aug 2025 09:00:00 +0000 https://www.miltonpj.net/?p=11925 It seems this Government is being the most successful at raising the rates of tax yet collecting less cash as a result – and doing untold harm to the economy as well as consumer and business confidence the same time. No, this isn’t political comment; it’s simply financially factual.   Whatever one’s politics and no, it’s […]

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]]> ‘Low key’ Spring Statement contained few surprises https://www.miltonpj.net/2025/04/02/spring-statement-holds-no-great-surprises/ Wed, 02 Apr 2025 09:00:00 +0000 https://www.miltonpj.net/?p=11762 The Chancellor’s Spring Statement did not contain a great deal we hadn’t already heard and no immediate prospects for economic growth. In a relatively low key affair, Rachel Reeves set out her latest update on the economy and restated plans to cut the welfare budget as well as making cuts to Government departments, as we […]

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]]> US wobbling subsides – for now https://www.miltonpj.net/2025/03/23/value-elsewhere-as-us-shares-wobble/ Sun, 23 Mar 2025 13:14:50 +0000 https://www.miltonpj.net/?p=11732 Wobbles in the States saw the Nasdaq lose 4% in one day – not much in one sense but the biggest one-day loss since October 2022, all the same. An 890 point drop on the Dow worried people too. Are these very dramatic changes a sign of negativity to come for the US? Remember as […]

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]]> Economic ups and downs https://www.miltonpj.net/2024/01/25/economic-ups-and-downs-inflation-increase/ Thu, 25 Jan 2024 10:00:00 +0000 https://www.miltonpj.net/?p=11030 Just as we think things have brightened, out comes the inflation figure at 4% versus the expected 3.9%. That was blamed on tobacco and alcohol – the latter also as duty rose on wine last autumn, based on alcohol strengths. It is as if the government doesn’t realise that increasing taxes on products increases inflation… […]

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]]> When will the State Pension age go up? https://www.miltonpj.net/2023/05/17/when-will-the-state-pension-age-go-up/ Wed, 17 May 2023 14:32:37 +0000 https://www.miltonpj.net/?p=10599 The post When will the State Pension age go up? appeared first on Philip J Milton & Company Plc.

]]> Pension customers ‘overpaying’ thousands in temporary tax https://www.miltonpj.net/2023/05/10/pension-customers-overpaying-thousands-in-temporary-tax/ Wed, 10 May 2023 14:17:00 +0000 https://www.miltonpj.net/?p=10582 The post Pension customers ‘overpaying’ thousands in temporary tax appeared first on Philip J Milton & Company Plc.

]]> Capital Gains Tax window is almost closed https://www.miltonpj.net/2023/02/08/capital-gains-tax-window-almost-closed/ Wed, 08 Feb 2023 12:25:04 +0000 https://www.miltonpj.net/?p=10434 Time is running out for anyone who wants to make use of the current £12,300 Capital Gains Tax allowance before it plummets to £6,000 at the start of the new tax year this April and then to just £3,000 from April 2024. CGT is a tax on the profit a person makes when they sell […]

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]]> What’s the state of the nation? https://www.miltonpj.net/2022/11/26/what-is-the-state-of-the-nation-taxes-and-markets/ Sat, 26 Nov 2022 15:35:34 +0000 https://www.miltonpj.net/?p=10351 So the Autumn Statement is behind us. Taxes are up and so we now face the highest tax burden since WW2 as well as ‘enjoying’ the biggest public spending since the 1970s. The ‘Office for Budget Responsibility’, a relatively recently created quango and chaired by Richard Hughes, (Ed Miliband’s former policy adviser who was a […]

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]]> What does the Autumn Statement mean? https://www.miltonpj.net/2022/11/23/what-does-the-autumn-statement-mean/ Wed, 23 Nov 2022 15:41:01 +0000 https://www.miltonpj.net/?p=10345 The post What does the Autumn Statement mean? appeared first on Philip J Milton & Company Plc.

]]> Government turnaround and market opportunities https://www.miltonpj.net/2022/10/05/turnaround-and-market-opportunity/ Wed, 05 Oct 2022 16:09:55 +0000 https://www.miltonpj.net/?p=10299 Well, economics and turnarounds where the Government would be lambasted whatever it did. However, the reversal of the 5% tax cut is purely political as the suggested £0.6-£2billion it raises is a tiny sum of the total tax take HMRC collected last year of £716billion. As an economist and not a politician speaking, I still […]

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